About the tenant-buyers:

Andrew and Kylie are married couple with no children.  This hard-working couple have been looking at buying their own home for some time but Kylie started a new job this year and was told be the banks that they need a couple of years of experience at that employment before they could qualify them.  Credit is good and they have saved $39,000 towards their down payment.

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Income

The couple has a total household income of $157,902 . Andrew works for the Peel District School Board as a Teacher.  He has been in this role since 2014 and earns $95,166 annually.  Kylie works for SHIP (Services and Housing in the Province).  She has been with the company since early in the summer and works as a Recreational Therapist for Housing.  She earns $62,736 annually.

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Credit

Andrew and Kylie have excellent credit. Andrew has a score of 828 andKylie has a score of 850.  They will be working with a Clover Properties-approved mortgage broker to become mortgage-ready in 2026.

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Property

Andrew and Kylie have fallen in love with this detached house in Alliston, Ontario. This is a family-friendly community complete with ravines, walking trails, parks and schools. This house has 4-bedrooms and 2-bathrooms, single car garage with upstairs laundry and an open-concept main floor with hardwood throughout.  The property has a separate entrance and finished basement with kitchen, bedroom and bathroom.  Perfect for an in-law suite.  Alliston is located 20 minutes from the 400 and is a thriving community supported by the Honda plant.

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Next Steps

If you can qualify for a $559,920 mortgage and want to enjoy $1,368 in cashflow each month without the hassle of paying land transfer tax, please click the button below to indicate your interest in helping Andrew and Kylie Rent-to-Own their home.

Deal Summary:

Term: 3 years

Purchase Price:  $699,900

Estimated Investment Required: $128,800

Estimate ROI: 27% (based on 6.99% and a 3-year deal)

Estimate Returns: $101,938

TB Down Payment: $39,000

Numbers Summary:

Monthly Payment: $5,535

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $1,368

Future Purchase Price: $813,222 (after three-years)